AYAL Capital Advisors Ltd bought a new stake in ATS Corporation (NYSE:ATS – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 72,200 shares of the company’s stock, valued at approximately $1,988,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can lifted its holdings in shares of ATS by 187.1% during the fourth quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock worth $83,269,000 after purchasing an additional 1,970,040 shares during the period. Norges Bank bought a new position in ATS during the fourth quarter worth $29,727,000. Alberta Investment Management Corp raised its holdings in ATS by 217.5% during the fourth quarter. Alberta Investment Management Corp now owns 1,340,265 shares of the company’s stock worth $36,918,000 after buying an additional 918,100 shares during the last quarter. Royal Bank of Canada raised its holdings in ATS by 8.9% during the fourth quarter. Royal Bank of Canada now owns 7,644,547 shares of the company’s stock worth $210,529,000 after buying an additional 623,369 shares during the last quarter. Finally, EdgePoint Investment Group Inc. raised its holdings in ATS by 8.0% during the fourth quarter. EdgePoint Investment Group Inc. now owns 6,888,785 shares of the company’s stock worth $189,771,000 after buying an additional 507,491 shares during the last quarter. 75.84% of the stock is owned by institutional investors.
Analyst Ratings Changes
ATS has been the subject of several analyst reports. Desjardins began coverage on shares of ATS in a report on Tuesday. They issued a “buy” rating for the company. Royal Bank Of Canada cut their price objective on shares of ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Zacks Research downgraded shares of ATS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Scotiabank reissued an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. Finally, Weiss Ratings upgraded shares of ATS from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $42.50.
ATS Trading Up 1.2%
ATS stock opened at $28.31 on Thursday. The firm has a 50 day moving average of $31.37 and a 200 day moving average of $30.00. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 54.45 and a beta of 1.20. ATS Corporation has a 12-month low of $23.84 and a 12-month high of $35.82. The company has a current ratio of 1.64, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78.
ATS (NYSE:ATS – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). ATS had a net margin of 2.40% and a return on equity of 9.40%. The company had revenue of $535.09 million for the quarter, compared to analysts’ expectations of $529.43 million. As a group, research analysts predict that ATS Corporation will post 1.38 earnings per share for the current year.
ATS Company Profile
ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.
Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.
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